Canada | CFO Moves – week ending May 12, 2017

Madalena Energy Inc. [CALGARY] (TSX-V: MVN) announced that Thomas Love, VP Finance and Chief Financial Officer will depart the Company, effective May 31, 2017.

Yorbeau Resources Inc. [MONTREAL] (TSX: YRB.A) announced that Ercan Ugur has decided to leave his position as Chief Financial Officer. Yorbeau has appointed George Bodnar Jr. to assume the role of Vice-President and interim Chief Financial Officer. Mr. Bodnar Jr. currently serves as Vice-President of Yorbeau and has been a director of the Company since 1997. A veteran of the natural resources industry, he was president of the Company from 1997 to 2007. He is also a C.A. and was a founding partner of Côté Bodnar, Chartered Accountants (since acquired by Samson Bélair Deloitte & Touche).

TerrAscend Corp. [TORONTO] (CSE: TER) announced the appointment of Rebecca Hudson as the Company’s Chief Financial Officer (“CFO”). Before joining TerrAscend, Rebecca served as CFO of Hornby Bay Mineral Exploration Ltd. Prior to her role at Hornby, Rebecca served as CFO for several publicly-listed mining and exploration companies. The Company also announces that Jonathan Leong has resigned from the position of Interim CFO.

Bluestone Resources Inc. [VANCOUVER] (TSX-V: BSR) announced the appointment of Peter Hemstead as Chief Financial Officer. Mr. Hemstead has over 20 years of finance experience, with the last 10 years spent in a senior financial executive role at Capstone Mining Corp.

DIRTT Environmental Solutions Ltd. [CALGARY] (TSX: DRT) announced Clinton G. McNair as the newest addition to its senior management team, in the role of Chief Financial Officer. McNair’s official appointment to CFO is scheduled for June 1, 2017. McNair will join DIRTT after an accomplished career with Deloitte LLP, where he is currently Partner in its assurance practice. McNair is also the Deloitte Technology Leader for the Prairies and the CFO Transitions Leader for Western Canada.

International Wastewater Systems Inc. [VANCOUVER] (CSE: IWS) announced that Yaron Conforti will be leaving his role as the Company’s Chief Financial Officer and a member of its Board of Directors, to pursue new opportunities. David Alexander has been appointed to the role of CFO. Alexander has extensive experience as a CFO and his past achievements include CFO of Arakis Energy Corporation (subsequently sold to Talisman Energy), and Nortran Pharmaceuticals, Inc., (later Cardiome Pharma).

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